The research of the global iron ore market, with deep analysis of Russian and Ukrainian markets has been completed
Metal Expert Consulting has prepared the research of the global iron ore market, with deep analysis of Russian and Ukrainian markets - "Iron Ore Markets Forecast Till 2025".
The target of the research is to present the changes that have occurred in the iron ore markets in recent years, as well as to offer our vision of the markets development in the medium and long term.
Urgency of the research is conditioned by the fact that The global market of iron ore is facing significant changes that need to be prepared for:
– China’s steel consumption will slow down and reduce. As a result, 4 out of every 5 new projects will not meet demand for their iron ore output
– the share of the Big Four will be steadily declining, competition will be getting tougher
– iron ore market will enter the phase of price cuts, so reduction of production and transportation costs will become a priority
– developments in global iron ore market affect Russian and Ukrainian markets greatly:
– – being formula-based, the CIS prices for iron ore follow global trends;
– – when iron ore prices go down worldwide, most Russian producers will lose competition in Europe and China because of higher production costs;
– – consequently, investments into railway and ports infrastructure will be necessary.
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